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May 16, 2024
[Herald Interview] For US overnight stockbroker Blue Ocean, golden hour falls on Sunday 8 p.m.
...the past two years, we have seen a sharp increase in not only the number of shares but the number of Korean brokers connecting to the US,” he said. Blue Ocean Technologies first joined hands with Samsung Securities in 2022 to secure Korean customers. It later expanded the scope of coo...
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May 16, 2024
HD Hyundai Electric gets MSCI nod; Kakao Pay misses out
...n won ($6.8 billion), HD Hyundai Electric at 9.24 trillion won and Enchem at 5.61 trillion won. Samsung Securities projected the MSCI inclusion will lead to an inflow of combined 400 billion won for ...mpany also removed four companies: Kakao Pay, the online payment unit of tech giant ...
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May 13, 2024
Samsung doubles down on Vietnam
Samsung Electronics has pledged to increase its annual spending in Vietnam to $1 billion as the Southeast Asian country emerges as a strategic base for manufacturing in the region. According to industry sources on Monday, Samsung Electronics Chief Financial Officer Park Hark-ky...
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May 12, 2024
Battery makers ramp up efforts to diversify graphite supply chain
... into effect from this year, their sales would drop significantly." The three battery makers are Samsung SDI, LG Energy Solution and SK On. Graphite is used to make electric battery anodes, which is ... to import natural graphite from Syrah Resources from 2025, under their agreement ma...
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May 12, 2024
Samsung Electronics microwave tops European market
Samsung Electronics said Sunday that it has retained its top market share position in the microwave market in Europe for the ninth consecutive year. According to market research firm Euromonitor, Samsung Electronics ranked No. 1 with a market share of 15.3 percent in the microw...
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May 12, 2024
Chinese Roborock’s rare success on home turf of Samsung, LG
...ock, the popular robot vacuum cleaner brand, has become a rare success story on the home turf of Samsung Electronics and LG Electronics. Despite the dominance of the two Korean firms in the nation’s h...ly and draining directly. Following the Chinese home appliance maker’s immense po...
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May 09, 2024
Yoon doubles down on repeal of financial investment income tax
...pected to implement as its stock market suffered about a 36 percent plunge in a month after the Taiwanese government announced the plan in 1988. Korea, home to the world's leading chipmakers like Samsung Electronics and SK hynix, plans to ease regulations for semiconductor manufacturer...
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May 09, 2024
LG Display starts sell-off talks for China plant
...o have submitted their letter of intent for purchase, sources say. Korea’s top display makers – Samsung and LG – used to dominate the LCD panel market until 2017 but took a strategic shift toward the...anced OLED amid fierce price competition with Chinese runner-ups. In 2021, LG's ...
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May 09, 2024
Korea projected to outpace Taiwan in chip production by 2032: US report
...rtnership with the Boston Consulting Group. The report evaluated that Korea invested in the development of the semiconductor industry from the early stage, helping the two domestic chip makers -- Samsung Electronics and SK hynix -- grow into global semiconductor powerhouses. They each...
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May 09, 2024
Minister says chip subsidy a ‘tall order’
...es including chips, secondary batteries, biopharmaceuticals and displays. Chip subsidy programs are widespread among chip powerhouses, but Korea, home to the world’s two largest memory chipmakers Samsung Electronics and SK hynix, faces opposition that it is unfair to offer large subsi...
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May 08, 2024
Korean battery makers heave sigh of relief over 2-year IRA reprieve
...eign Entities of Concern -- a category that includes China -- to qualify for up to $7,500 in EV subsidies per vehicle. Last year, South Korea's top three battery producers -- LG Energy Solutions, Samsung SDI, and SK On -- reported revenues exceeding 10 trillion won from battery sales t...
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May 07, 2024
Will China's self-sufficient dream in HBM come true?
...aims to produce HBM2 by 2026. Industry sources in Korea, home to top HBM suppliers SK hynix and Samsung Electronics, believe it would be difficult for the Chinese firms to catch up with the advanced ...ss with lower energy consumption is used to assist GPU in processing AI functions. ...
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May 07, 2024
[KH Explains] Can tech firms' AI alliances take on Nvidia?
...C to further strengthen its technical leadership in high-bandwidth memory chips, other tech firms are forming rival alliances. Intel has put together partnerships with Korean tech firms including Samsung, Naver and Korea Advanced Institute of Science and Technology. IT giant Naver, wh...
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May 06, 2024
Samsung SDI boasts e-bike leadership at China Cycle
Samsung SDI said Monday that it is showcasing its latest battery products, including cylindrical batteries, at this week’s China Cycle 2024, one of the largest bicycle and motorcycle exhibitions that...1,700 businesses joining, up 40 percent from a year ago. Under the slogan “Already, ...
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May 06, 2024
Samsung mocks Apple over iPhone alarm glitch
Korean tech giant Samsung Electronics made a mockery of its rival Apple on social media last week, after some iPhone users came forward complaining that their alarms had failed to go off. In a post on Instagram, Samsung UK shared a dog meme alongside text that reads "Rest assur...
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May 03, 2024
Samsung chief returns from Europe after meeting with Pope, business leaders
...ing-edge extreme ultraviolet lithography machine used for the most advanced semiconductors. For Samsung, which seeks to expand its foundry and logic chip businesses with demand for advanced chips on ...lusively by ASML. Wrapping up his trip to Germany and Italy, Lee moved to Paris to ...
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May 03, 2024
Samsung Life Science Fund invests in US gene therapy firm
Samsung Life Science Fund, an investment fund created by Samsung affiliates, will invest in Latus Bio, a US gene therapy development company, according to Samsung Bioepis on Friday. It is the sixth investment made by the fund between Samsung Biologics, ...
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May 02, 2024
'Our HBM chips are sold out until 2025': SK hynix CEO
... Chinese market. And for data centers, we have our NAND flash chip affiliate Solidigm, so we expect to create synergy to effectively target the Chinese market." SK hynix, the world's second-largest chipmaker, is the HBM leader with 50 percent market share, followed by crosstown rival Samsun...
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May 02, 2024
KCCI chief renews will to play bigger role in boosting economic diplomacy
...rade, Industry and Energy Ahn Duk-geun. From business circles were Google Korea Country Director Kim Kyoung-hoon, Qualcomm APAC President Kwon Oh-hyung, Hyosung Group Vice Chairman Cho Hyun-sang, Samsung Electronics President Kim Won-kyong of the global public affairs office and SK Sup...
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April 30, 2024
Samsung chip business back on track, logs W1.9tr operating profit in Q1
After logging losses for five consecutive quarters, Samsung Electronics' chip business returned to the black in the first quarter this year, thanks to rising demand for high-end chips and a surge in ...p featuring its latest on-device AI technology, and also its first wearable device Gala...
December 22, 2024
